NYSE Euronext global derivatives ADV down 17% year-on-year

Fund data for this article

NYSE Euronext (NYX) has reported Global derivatives average daily volume (ADV) of 7.5 million contracts in January 2012 - a decrease of 17.3% versus the prior year, with European Derivatives declining 31.3% and US equity options decreasing 4.1%.

Excluding Bclear, NYSE Liffe's trade administration and clearing service for OTC products, European derivatives products ADV decreased 28.3% compared to January 2011, but increased 21.6% from December 2011.

NYSE Euronext US equity options ADV of 4.2 million contracts in January 2012 decreased 4.1% compared to January 2011 levels, but increased 6.0% from December 2011. NYSE Euronext’s US options exchanges accounted for 26.6% of total US consolidated equity options trading in January 2012, up from 24.5% in January 2011, but down from 27.7% in December 2011.

NYSE Liffe US ADV of approximately 94,900 contracts increased from 13,500 contracts in January 2011 and increased from 89,600 contracts in December 2011.

NYSE Euronext’s Tape A matched market share in January 2012 was 30.3%, down from 33.9% in January 2011 and down from 33.4% in December 2011. Trade Reporting Facility (TRF) market share in Tape A securities, a measure of off-exchange trading, increased to 34.1% of consolidated US cash equity trading in Tape A securities in January 2012, the highest level since January 2010, and up from 31.1% in December 2011 and 33.1% in January 2011.

There were a total of 22 trading days in Europe and 20 trading days in the US in January 2012 compared to 21 trading days in Europe and 20 trading days in the US in January 2011.

NYSE Euronext European derivatives products ADV in January 2012 was 3.2 million futures and options contracts, a decrease of 31.3% from January 2011, but an increase of 0.3% from December 2011.

The 3.2 million in European derivatives futures and options contracts ADV in January 2012 consisted of 2.7 million contracts executed through our full-service LIFFE CONNECT trading platform and 0.5 million contracts, or 16.9%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. Excluding Bclear, European derivatives products ADV decreased 28.3% compared to January 2011, but increased 21.6% from December 2011.

Total fixed income products ADV of 1.8 million contracts in January 2012 decreased 29.7% from January 2011, but increased 36.2% from December 2011.

Total equity products (including Bclear) ADV of 1.3 million contracts in January 2012 decreased 34.5% compared to January 2011 and decreased 9.0% from December 2011. The 1.3 million contracts in equity products ADV consisted of 0.9 million contracts in individual equity products ADV and 0.4 million contracts in equity index products ADV. The 0.9 million contracts in individual equity products ADV consisted of 0.4 million in futures contracts, which represented a 46.5% decrease compared to January 2011 and 0.5 million in options contracts, which represented a 29.9% decrease compared to January 2011. The average net rate per contract for individual equity futures contracts is significantly lower than other European derivatives products.

Total commodities products ADV of 75,000 contracts in January 2012 increased 1.0% compared to January 2011 and increased 10.3% compared to December 2011.

NYSE Euronext US equity options ADV of 4.2 million contracts in January 2012 decreased 4.1% compared to January 2011, but increased 6.0% compared to December 2011.

Total US consolidated equity options ADV decreased 11.7% to 15.7 million contracts in January 2012 compared to January 2011, but increased 10.2% compared to December 2011.

NYSE Euronext’s US options exchanges accounted for 26.6% of the total US consolidated equity options trading in January 2012, up from 24.5% in January 2011, but down from 27.7% in December 2011.

NYSE Liffe US ADV of approximately 94,900 contracts increased from 13,500 contracts in January 2011 and increased from 89,600 contracts in December 2011.

NYSE Euronext European cash products ADV of 1.5 million transactions in January 2012 decreased 14.6% compared to January 2011, but increased 12.9% compared to December 2011.
US Cash

NYSE Euronext US cash products handled ADV in January 2012 decreased 23.5% to 1.8 billion shares compared to January 2011, but increased 1.1% from December 2011.

NYSE Euronext’s Tape A matched market share in January 2012 was 30.3%, down from 33.9% in January 2011 and down from 33.4% in December 2011. TRF market share in Tape A securities, a measure of off-exchange trading, increased to 34.1% of consolidated US cash equity trading in Tape A securities in January 2012, the highest level since January 2010, and up from 31.1% in December 2011 and 33.1% in January 2011.

NYSE Euronext US matched exchange-traded funds ADV (included in volumes for Tape B and Tape C) of 228 million shares in January 2012 decreased 15.6% compared to January 2011 and decreased 8.1% compared to December 2011.